Mozo guides

First Home Owner Grant NSW

A row of newly built townhouses in South West Sydney

New South Wales first home buyers looking to get into the market may be eligible for the NSW First Home Owner Grant (FHOG). 

The grant is open to those buying or building brand-new home for the first time, helping to cut down some of the costs of purchasing property.

How much is the First Home Owner Grant in NSW?

The First Home Owner Grant (FHOG) for NSW is worth $10,000. 

A map of New South Wales, with details about the First Home Owner Grant

Who is eligible for the First Home Owner Grant in NSW?

To qualify for the $10,000 FHOG in NSW, you'll need to either be purchasing a brand-new, off-the-plan, or substantially renovated home valued up to $600,000, or buying vacant land on which you'll build a new home valued up to $750,000.

Other eligibility requirements include:

  • You must be over the age of 18.
  • At least one applicant needs to be an Australian citizen or permanent resident. 
  • At least one applicant will reside in the property for at least six continuous months with the 12 month completion of the transaction as their main place of residency.
  • Applicants must have never owned/co-owned residential property or received a first home owner grant before.

How to apply for the First Home Owner Grant in NSW?

Applying for the grant is pretty straightforward.

  • You’ll need to download and complete the First Home Owner Grant Application PDF from the official Service NSW site.
  • Gather proof of identification, a copy of the contract for the sale (dated and signed by the seller) and additional supporting documents.
  • Lodge the form with your mortgage lender or Revenue NSW.

You’ll be paid the grant either on the date of the settlement (if you lodged the application prior) or within 15 business days of applying.

What other grants or schemes are available in NSW?

Stamp duty relief

  • A transfer duty exemption (formerly known as stamp duty) on homes valued up to $650,000 or a concessional rate for those between $650,000 and $800,000.  
  • A transfer duty exemption when purchasing vacant land valued up to $350,000 or a concessional rate for land between $350,000 and $450,000. 

First Home Buyer Assistance Scheme

From 1 July 2023, you could qualify for a full exemption from stamp duty if you're buying a new or existing home valued up to $800,000, or a concessional rate for homes between $800,000 to $1,000,000.

How do I apply for the first home owners grant in other states or territories?

Home loan comparisons on Mozo - last updated 23 April 2024

Search promoted home loans below or do a full Mozo database search. Advertiser disclosure
  • Mozo Expert Choice Badge
    Express Home Loan

    Owner Occupier, Principal & Interest, LVR <90%

    interest rate
    comparison rate
    Initial monthly repayment
    6.01% p.a. variable
    6.14% p.a.

    Get fast online approval from the award-winning Bendigo Bank Express Home Loan. Multiple offset accounts and redraw available. 100% offset on variable rate loans and partial offset on fixed rate. Flexible repayment options. New home loans only.

    Compare
    Details
  • First Home Buyer Loan Special

    Owner Occupier, Principal & Interest

    interest rate
    comparison rate
    Initial monthly repayment
    5.90% p.a. variable
    5.93% p.a.

    A low variable rate loan for home buyers. No establishment or ongoing fees to pay. 100% offset account included. Allows for unlimited repayments, redraws and flexible repayment options.

    Compare
    Details
  • Basic Home Loan Special Offer

    Owner Occupier, Principal & Interest, LVR 80-95%

    interest rate
    comparison rate
    Initial monthly repayment
    6.69% p.a. variable
    6.70% p.a.

    Compare
    Details
  • FHBG Special Offer Classic Home Loan

    interest rate
    comparison rate
    Initial monthly repayment
    6.24% p.a. variable
    6.26% p.a.

    Compare
    Details
  • Basic Variable Home Loan

    Owner Occupier, Principal & Interest

    interest rate
    comparison rate
    Initial monthly repayment
    5.94% p.a. variable
    5.99% p.a.

    Compare
    Details
  • First Home Buyer Variable Home Loan

    Advantage Plus, Owner Occupier, Interest Only, LVR >90%

    interest rate
    comparison rate
    Initial monthly repayment
    5.99% p.a. variable
    6.76% p.a.

    Compare
    Details
Jack Dona
Jack Dona
RG146
Money writer

Jack is RG146 Generic Knowledge certified, with a Bachelor of Communications in Creative Writing from UTS, and uses his creative flair to cut through the financial jargon and make home loans, insurance and banking interesting. His reader-first approach to creating content and his passion for financial literacy means he always looks for innovative ways to explain personal finance. Jack's research and explanations have been featured in government publications, and his work is regularly featured alongside major publications in Google's Top Stories for Insurance.

* WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

** Initial monthly repayment figures are estimates only, based on the advertised rate. You can change the loan amount and term in the input boxes at the top of this table. Rates, fees and charges and therefore the total cost of the loan may vary depending on your loan amount, loan term, and credit history. Actual repayments will depend on your individual circumstances and interest rate changes.

^See information about the Mozo Experts Choice Home Loan Awards

Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.

While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.